AI ETF Inflows Slow in September on Rate Worries After ChatGPT Surge

Inflows into AI ETFs slowed in September after surging earlier this year, as investors worry about impact of high interest rates.
Global X Robotics & AI ETF saw $1.8M inflows in September after outflows month before.
AI/robotics ETFs took in over $1.9B through first 3 quarters of 2022 after ChatGPT release.
AI stocks have fallen recently along with broader markets due to concerns over high Treasury yields.
Investors remain optimistic about long-term potential of AI sector despite recent weakness.

reuters.com

Relevant topic timeline:

8/24/2023

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Posted 10/2/2023, 3:47:00 PM